Economics 9708/42 May June 2014 | Cambridge AS Level Past Papers With Mark Scheme

Download the attached file to view the complete content. Key questions extracted:

1. Differentiation between GDP at factor cost and GDP at market prices.
2. Explanation and application of the multiplier effect in India’s telecom industry.
3. Analysis of how India’s telecom industry contributed to GDP, employment, and economic growth.
4. Evaluation of the success of India’s telecom industry transition from public sector monopoly to private sector competition.
5. Assessment of marginal utility as a guide to consumer behavior amidst changing incomes and tastes.
6. Debate on whether high profits equate to high efficiency and if profitability should be encouraged in firms.